£414,077
This estimated value is based upon the latest sale price for the house of £238,000 on 11 May 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£238,000 | 11 May 2011 |
£130,000 | 1 Apr 2004 |
Semi-Detached |
Freehold |
Floor Area: 230 sq meters or 2,481 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in May 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.982%.Applying this 73.982% change to the original purchase price of £238,000 results in an estimated price of approximately £414,077.
11 May 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 149.7 | 73.982 % | £238,000 | £176,077 | £414,077 |
The Postcode Pricing Model uses changes in average sales price within the OL16 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 69.193 % | £164,679 | £402,679 |
3 Month Average | 71.366 % | £169,851 | £407,851 |
6 Month Average | 63.738 % | £151,696 | £389,696 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 May 2024 | £106,000 | £106,000 | 10 CULVERT STREET |
20 Oct 2023 | £97,208 | £95,000 | 741 OLDHAM ROAD |
22 Jun 2023 | £242,357 | £237,500 | 16 GILBROOK WAY |
3 Feb 2023 | £246,648 | £245,000 | 22 GILBROOK WAY |
25 Apr 2022 | £160,282 | £154,500 | 7 CULVERT STREET |
This house has a floor area of 230 sq meters or 2,481 sq feet when measured on 19 Apr 2011. Using an estimated price of £414,078 means this house is valued at £1,796 per sq meter (£166 per sq foot).
The average size of a house on CRAIGLANDS is 114 sq meters (1,233 sq feet).
This house is the largest in the street with a floor area of 230 sq meters (2,481 sq feet).